A New Index of Private Offering Fund for Stock Strategy

Fei Guo; Baosen Wang; Hong Zhang

doi:doi:10.11648/j.jfa.20150306.12

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A New Index of Private Offering Fund for Stock Strategy

Fei Guo, Baosen Wang, Hong Zhang

Published in Journal of Finance and Accounting (Volume 3, Issue 6)

Received: 11 September 2015 Accepted: 24 September 2015 Published: 10 October 2015

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Abstract

As the deepening reform of China's financial system, private equity funds have been becoming an important part of China's financial system, but there is little research on the index of private equity funds. This paper constructs an index, which covers 98.19% of the stock equity strategy class of equity funds, can better reflect the performance of equity strategy class private equity fund. Through Granger causality test, the Shanghai composite index is a factor that affects the performance of private equity funds in the short term, and in long term they are both factors to each other. The establishment of private equity fund performance index, is conducive to investors and regulatory authorities to further understand the status and history of the private sector. a scientifical private equity fund performance index does not exist at present, so this paper introduced the performance index of private equity funds to improve the financial indicators system, has a strong theoretical and practical significance.

Published in	Journal of Finance and Accounting (Volume 3, Issue 6)
DOI	10.11648/j.jfa.20150306.12
Page(s)	177-183
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Private Offering Fund, Index, Granger Causality Test, Cointegration, VAR

References

[1]	China Securities Investment Fund Industry Association. Private registration report [R] vol. 3, 2015(6).
[2]	Jiamin Tian, “The present situation and development of private equity funds in China” [J]. Modern Business, vol. 20, PP. 166-167, 2015.
[3]	Qiqi Wang, “Problems and Countermeasures of the development of Inclusive Finance in China” [J]. Macroeconomic Management, vol. 07, PP. 55-56, 2015.
[4]	Xiao Xiang, “Study on the establishment of the financial index of Inclusive Finance” [J]. Wuhan Finance, vol. 09, PP. 7-11, 2014.
[5]	Liu Mandan, “An empirical analysis of the relationship between private investment and economic growth -- Based on Granger causality test” [J]. Journal of Changchun University of Science and Technology (Social Sciences Edition), vol. 05, PP. 62-65, 2015.
[6]	Lu Jing, “A theoretical and Empirical Study on the relationship between financial development and economic growth: a co integration analysis based on the panel data of China” [J], Chinese Journal of Management Science, vol. 20, No. 1, PP. 176-184, 2012.
[7]	Cao Yunbo, “A study of the impact of public market manipulation on stock price -- An Empirical Analysis Based on VAR model” [J],Economic Forum, vol. 528, PP 89-94 ,2014.
[8]	Jia Xiyun, “Application and empirical analysis of VaR model in stock market risk analysis” [J], Chinese Journal of Management Science, vol. 22, PP. 336-341, 2014.
[9]	Zeng Lijuan, “The application of random search variable method in lagged regression model”[J], Journal of Hangzhou Normal University(Natural Science Edition),vol. 13, No. 6, PP. 664-668, 2014.
[10]	Huang Jinshan,“Pseudo maximum likelihood estimation of GARCH model based on high frequency data” [J],vol. 37, No. 6, PP. 1005-1017, 2014.
[11]	YANG Guangbao, “Linear regression model and its optimization algorithm in the process of program trading system” [J], Computer Systems & Applications, vol. 23, No. 12 PP. 120-124, 2014.

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APA Style

Fei Guo, Baosen Wang, Hong Zhang. (2015). A New Index of Private Offering Fund for Stock Strategy. Journal of Finance and Accounting, 3(6), 177-183. https://doi.org/10.11648/j.jfa.20150306.12

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ACS Style

Fei Guo; Baosen Wang; Hong Zhang. A New Index of Private Offering Fund for Stock Strategy. J. Finance Account. 2015, 3(6), 177-183. doi: 10.11648/j.jfa.20150306.12

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AMA Style

Fei Guo, Baosen Wang, Hong Zhang. A New Index of Private Offering Fund for Stock Strategy. J Finance Account. 2015;3(6):177-183. doi: 10.11648/j.jfa.20150306.12

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@article{10.11648/j.jfa.20150306.12,
  author = {Fei Guo and Baosen Wang and Hong Zhang},
  title = {A New Index of Private Offering Fund for Stock Strategy},
  journal = {Journal of Finance and Accounting},
  volume = {3},
  number = {6},
  pages = {177-183},
  doi = {10.11648/j.jfa.20150306.12},
  url = {https://doi.org/10.11648/j.jfa.20150306.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20150306.12},
  abstract = {As the deepening reform of China's financial system, private equity funds have been becoming an important part of China's financial system, but there is little research on the index of private equity funds. This paper constructs an index, which covers 98.19% of the stock equity strategy class of equity funds, can better reflect the performance of equity strategy class private equity fund. Through Granger causality test, the Shanghai composite index is a factor that affects the performance of private equity funds in the short term, and in long term they are both factors to each other. The establishment of private equity fund performance index, is conducive to investors and regulatory authorities to further understand the status and history of the private sector. a scientifical private equity fund performance index does not exist at present, so this paper introduced the performance index of private equity funds to improve the financial indicators system, has a strong theoretical and practical significance.},
 year = {2015}
}

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TY  - JOUR
T1  - A New Index of Private Offering Fund for Stock Strategy
AU  - Fei Guo
AU  - Baosen Wang
AU  - Hong Zhang
Y1  - 2015/10/10
PY  - 2015
N1  - https://doi.org/10.11648/j.jfa.20150306.12
DO  - 10.11648/j.jfa.20150306.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 177
EP  - 183
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20150306.12
AB  - As the deepening reform of China's financial system, private equity funds have been becoming an important part of China's financial system, but there is little research on the index of private equity funds. This paper constructs an index, which covers 98.19% of the stock equity strategy class of equity funds, can better reflect the performance of equity strategy class private equity fund. Through Granger causality test, the Shanghai composite index is a factor that affects the performance of private equity funds in the short term, and in long term they are both factors to each other. The establishment of private equity fund performance index, is conducive to investors and regulatory authorities to further understand the status and history of the private sector. a scientifical private equity fund performance index does not exist at present, so this paper introduced the performance index of private equity funds to improve the financial indicators system, has a strong theoretical and practical significance.
VL  - 3
IS  - 6
ER  -

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Author Information

Fei Guo

School of Economics, Beijing Wuzi University, Beijing, China
Baosen Wang

School of Economics, Beijing Wuzi University, Beijing, China
Hong Zhang

School of Information, Beijing Wuzi University, Beijing, China

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APA Style

Fei Guo, Baosen Wang, Hong Zhang. (2015). A New Index of Private Offering Fund for Stock Strategy. Journal of Finance and Accounting, 3(6), 177-183. https://doi.org/10.11648/j.jfa.20150306.12

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ACS Style

Fei Guo; Baosen Wang; Hong Zhang. A New Index of Private Offering Fund for Stock Strategy. J. Finance Account. 2015, 3(6), 177-183. doi: 10.11648/j.jfa.20150306.12

Copy | Download

AMA Style

Fei Guo, Baosen Wang, Hong Zhang. A New Index of Private Offering Fund for Stock Strategy. J Finance Account. 2015;3(6):177-183. doi: 10.11648/j.jfa.20150306.12

Copy | Download

@article{10.11648/j.jfa.20150306.12,
  author = {Fei Guo and Baosen Wang and Hong Zhang},
  title = {A New Index of Private Offering Fund for Stock Strategy},
  journal = {Journal of Finance and Accounting},
  volume = {3},
  number = {6},
  pages = {177-183},
  doi = {10.11648/j.jfa.20150306.12},
  url = {https://doi.org/10.11648/j.jfa.20150306.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20150306.12},
  abstract = {As the deepening reform of China's financial system, private equity funds have been becoming an important part of China's financial system, but there is little research on the index of private equity funds. This paper constructs an index, which covers 98.19% of the stock equity strategy class of equity funds, can better reflect the performance of equity strategy class private equity fund. Through Granger causality test, the Shanghai composite index is a factor that affects the performance of private equity funds in the short term, and in long term they are both factors to each other. The establishment of private equity fund performance index, is conducive to investors and regulatory authorities to further understand the status and history of the private sector. a scientifical private equity fund performance index does not exist at present, so this paper introduced the performance index of private equity funds to improve the financial indicators system, has a strong theoretical and practical significance.},
 year = {2015}
}

Copy | Download

TY  - JOUR
T1  - A New Index of Private Offering Fund for Stock Strategy
AU  - Fei Guo
AU  - Baosen Wang
AU  - Hong Zhang
Y1  - 2015/10/10
PY  - 2015
N1  - https://doi.org/10.11648/j.jfa.20150306.12
DO  - 10.11648/j.jfa.20150306.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 177
EP  - 183
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20150306.12
AB  - As the deepening reform of China's financial system, private equity funds have been becoming an important part of China's financial system, but there is little research on the index of private equity funds. This paper constructs an index, which covers 98.19% of the stock equity strategy class of equity funds, can better reflect the performance of equity strategy class private equity fund. Through Granger causality test, the Shanghai composite index is a factor that affects the performance of private equity funds in the short term, and in long term they are both factors to each other. The establishment of private equity fund performance index, is conducive to investors and regulatory authorities to further understand the status and history of the private sector. a scientifical private equity fund performance index does not exist at present, so this paper introduced the performance index of private equity funds to improve the financial indicators system, has a strong theoretical and practical significance.
VL  - 3
IS  - 6
ER  -

Copy | Download